PSO AND FAW MOTORS CHINA WORKING TO MODERNIZE PSO FLEET TO SUPPORT CPEC INFRASTRUCTURE

Date: April 05, 2018

Pakistan State Oil (PSO), with support from carriage contractors, continues to induct the latest vehicles into its fleet in order to modernize road transportation and ensure the safe movement of POL products across Pakistan.

The latest fully compliant fleet, was handed over to PSO carriage contractors in an impressive ceremony organized by Al Haj FAW in Karachi where the MD & CEO PSO, Sheikh Imranul Haque, was the guest of honor.

The event was attended by important dignitaries including Senator Taj Afridi, representatives from the FAW Motors China, senior company officials from PSO, Al Haj FAW Pakistan and Hyundai Pakistan. A large number of carriage contractors were also present at the ceremony who appreciated the 36 months long interest-free deferred payment facility available to them from Al Haj FAW to purchase modern tank lorries for the PSO fleet system.

The latest range of oil tankers is built in complete compliance with the Oil & Gas Regulatory Authority (OGRA) and National Highways Authority (NHA) standards. The vehicles will add efficiency and agility to PSO’s road transportation system to further the company’s strategic ambition of ensuring safe and uninterrupted fuel supply nationwide. This is an important step of PSO, in collaboration with the Al Haj FAW Pakistan, in view of the massive CPEC development program where only fully compliant vehicles will be able to take part in the cross border trading.

PSO’s logistics management system, comprising approximately 8,000 vehicles, is the country’s largest tank lorry (TLS) fleet that transports POL products across the country. Although the company also moves petroleum products through rail and pipelines network, road remains the primary channel for fuel transportation.

MD & CEO PSO, Sheikh Imranul Haque, said at the ceremony:

“PSO undertakes all necessary measures to deliver on its pledge of best facilitating its customers. Besides efforts to diversify our transportation portfolio, we are rapidly modernizing our road transportation system that moves the major portion of POL products across the country.”

“PSO is glad to be with FAW to ensure implementation of OGRA and NHA standards in the transportation of petroleum products. The induction of new tank lorries will not only enhance PSO’s capacity to move more fuel but also prepare the company to fulfill the country’s increasing fuel needs in wake of new business opportunities emerging from a consistent economic growth and mega projects like China Pakistan Economic Corridor.”

Speaking on the occasion, Mr. Nian, representative of FAW in Pakistan, said:

“FAW is a leading truck brand in China and serves its customers with safe, reliable and efficient world class products. We are honored that the leading Oil Marketing Company in Pakistan, PSO has provided us an opportunity to play our productive role in improvement of oil transportation system in Pakistan”.

“Al Haj FAW is providing one window solution to the carriage contractors in the form of selling compliant FAW prime movers and CIMC oil tankers along with the easy defer payment terms of 36 months so that the carriage contractors of PSO can easily induct compliant vehicles in PSO Transportation system”.